Running commodity lumber and panel purchasing is a difficult task. The buyer needs to ensure supply is available for customers, get the best price available in the market, keep an eye on volatile commodity lumber prices to avoid catastrophic losses, and control working capital invested in inventory. Yesler tools make all these tasks easier for the LBM buyer.
How Yesler Benefits Buyers
Gain unparalleled information about, and control of, the lumber and building materials buying process.
Control the Conversation
When negotiating lumber and panel purchasing, organizing the buying process in Yesler gives the LBM buyer greater control to buy better. The buyer:
- Uses Yesler to communicate one-on-one with suppliers to request quotes, receive offers, and exchange documents to complete a purchase.
- Manages competitive quotes from multiple suppliers viewable in one dashboard for comparison and negotiation.
- Can expand their supplier networks, identifying new sources of materials to increase availability and confirm the best price.
Unlike using email to request loads, quotes received can be filtered by product and sorted by price or ship date, and the buyer can immediately see when a supplier has viewed their request. Unlike using the phone to talk to each supplier, Yesler allows simultaneous conversations to occur with multiple suppliers.
Save Time and Money
Using Yesler, quotes come in faster, in the same format on the same screen, the buyer spends less time on the phone, and information about upcoming requirements as well as past purchases is much easier to access than in traditional ERP systems, spreadsheets, and notebooks.
Compare Quotes All in One Place
Buyers using email or the phone to send quotes requests have the challenge of comparing all the quotes received. Yesler provides easy-to-use tools that compare the quotes received, quickly identifying the best price and expected delivery dates. Even better, all of the quotes received are available for future reference, whether they were accepted or declined.
Exceptional Analysis of Purchasing Needs
Yesler puts purchasing intelligence into the hands of the buyer and lumberyard executives in a visual interface, providing time-series forecasts of inventory requirements for each location and SKU. ERP systems are focused first and foremost on providing support for finance and the point-of-sale. Yesler provides advanced functionality to identify how many units, truckloads, or railcars of lumber and panels need to be purchased at what time in order to ensure sales are covered while minimizing working capital requirements. Building order requests based on actual needs has never been easier.
Buyers need LBM market intelligence to make the best buying decisions. Yesler uses marketplace data instead of rumor and speculation to give pricing intelligence to buyers. Will prices be trending up or down? Use Yesler to see the supply and demand pressures that move market prices.
Ready to See How Yesler Works?
LBM Buyer Solutions
Yesler provides a suite of solutions for organizing and improving LBM buying.
Digital Marketplace for Lumber Buying & Selling
Visual Inventory Analysis and Purchase Planning
LBM Market Intelligence
Lumber Buyer Q&As
A lumber buyer purchases lumber for inventory or immediate resale to a construction contractor, a business that processes lumber (i.e. truss or wall panel fabricator), or a DIY consumer. The buyer is tasked with ensuring inventory is available at an acceptable cost to ensure profit, while managing risks associated with fluctuating commodity prices and working within the organization’s working capital constraints. A buyer in a lumberyard operation could be purchasing building materials for a single store or location or many locations. In smaller operations, it is often a senior leader that does the commodity buying due to the price risk and working capital requirements involved. Lumberyard buyers purchase materials from distribution, brokers, wholesalers, and directly from mills and manufacturers.
A commodity, in a general sense, is a basic good that is interchangeable with other goods of the same type, where the primary differentiator is price. In the LBM industry, the most common use of this term includes most dimensional framing lumber and panels such as plywood and OSB (oriented strand board). There are many nuances and variations in the use of the term. Most buyers would not consider siding, millwork and similar wood products or engineered wood products to be commodities. And while many framing lumber products can be interchangeable and are considered commodities, they may not be exact substitutes in framing applications. For instance, 2×4 #2 grade framing material may be a commodity, but different species may be required for different applications. Or, within a species, buyers may have a preference for certain manufacturers due to quality.